A share split or stock split is a decision by the company's board of directors to increase the number of shares that are outstanding by issuing more shares to current shareholders. Heightened geopolitical uncertainty has come from North Korea's development of a nuclear deterrent, and that has prompted the U.S. to take a more aggressive stance toward its defense. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Back in 1983, the stock climbed above the $100 per share mark, and that prompted the defense contractor to do a 3-for-1 split that sent its share price back down into the $30s. More generally, the prospects for future defense spending are looking stronger. Find out whether a split is coming this year. View the stocks that have an upcoming split or have been split in the past. The same game plan played out in 1998. Wal-Mart Stock Split: Will 2017 End Its Split Drought? Even if it were to split its shares at its most aggressive ratio of 3-for-1, a split now would only take Lockheed stock back down to $100 per share -- the old threshold at which the company considered splits. Further gains have resulted from optimism about prospective new projects. Enter Company or Symbol.Press down arrow for suggestions, or Escape to return to entry field. The last bonus that Larsen & Toubro had announced was in 2017 in the ratio of 1:2. © 2021 LARSEN & TOUBRO LIMITED.All rights reserved. They included. UVXY's 7th split took place on January 12, 2017. The last Bonus that Larsen & Toubro Ltd. anoununced was in the ratio 1:2 with ex-date of July 13, 2017. There's no question that Lockheed Martin has benefited from favorable industry conditions recently. Even with all of the positives for the stock, there's no assurance that the behavior of the share price will prompt Lockheed to change its recent stance and do a stock split. Tomorrow is different. Lockheed might well decide never to do another split. Lockheed has done a good job of cutting production costs on the fighter jet, and that could help boost profits even further than investors had initially expected. $5 Billion for Rocketdyne? Download The Economic Times News App to get Daily Market Updates & Live Business News. Stock splits haven't been all that common for Lockheed Martin in past years, but the company has made moves to reduce its share price on a couple of occasions. Rice company LT Foods split its share during the year in the 1:10 ratio. LT Foods had last split the face value of its shares from Rs 10 to Rs 1 in 2016. The first split for T took place on March 20, 1998. In its most recent quarterly report, the defense contractor said sales and profits from continuing operations both grew at a 10% pace, and it also raised its expectations for earnings for the full 2017 year. Back in 1983, the stock climbed above the $100 per share mark, and that prompted the defense contractor to do a 3-for-1 split that sent its share price back down into the $30s. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. If it decides to split the stock, instead of one share of a particular face value, the share holder will have two shares of the same yet equally divided face value. @themotleyfool #stocks $LMT, one possible deal involving as many as 440 F-35s, cutting production costs on the fighter jet. Market data powered by FactSet and Web Financial Group. Stock Market News: Latest Stock news and updates on The Economic Times. It appears that Lockheed has chosen to follow in the footsteps of most other companies in the stock market, electing not to do stock splits in favor of letting its rising share price act as a reflection of its long-term success. 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